Robert W. Baird Has Lowered Expectations for GAP (NYSE:GAP) Stock Price

GAP (NYSE:GAP - Free Report) had its price objective trimmed by Robert W. Baird from $31.00 to $29.00 in a research note published on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other brokerages also recently commented on GAP. Evercore ISI lifted their target price on GAP from $32.00 to $33.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Barclays lifted their price objective on GAP from $32.00 to $33.00 and gave the stock an "overweight" rating in a research note on Friday. BMO Capital Markets increased their target price on shares of GAP from $23.00 to $25.00 and gave the company a "market perform" rating in a research report on Friday, November 22nd. Guggenheim restated a "buy" rating and issued a $35.00 price target on shares of GAP in a research report on Friday, November 22nd. Finally, UBS Group raised shares of GAP from a "sell" rating to a "neutral" rating and upped their price objective for the company from $16.00 to $26.00 in a research note on Friday, January 10th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $29.33.

GAP Trading Up 19.3 %

GAP stock traded up $3.76 during mid-day trading on Friday, reaching $23.24. The company had a trading volume of 30,468,052 shares, compared to its average volume of 6,033,019. The company has a fifty day moving average of $23.14. The firm has a market cap of $8.76 billion, a P/E ratio of 10.76, a P/E/G ratio of 0.94 and a beta of 2.38. GAP has a fifty-two week low of $18.54 and a fifty-two week high of $30.75. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54.

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GAP (NYSE:GAP - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.18. GAP had a return on equity of 29.03% and a net margin of 5.40%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.07 billion. Research analysts forecast that GAP will post 2.02 EPS for the current year.

GAP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.165 per share. This is an increase from GAP's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.66 annualized dividend and a dividend yield of 2.84%. GAP's payout ratio is currently 29.86%.

Insider Buying and Selling

In other GAP news, major shareholder John J. Fisher sold 250,000 shares of the company's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $24.18, for a total transaction of $6,045,000.00. Following the transaction, the insider now owns 1,000,752 shares in the company, valued at approximately $24,198,183.36. This represents a 19.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William Sydney Fisher sold 123,950 shares of the firm's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $26.24, for a total transaction of $3,252,448.00. Following the completion of the transaction, the director now directly owns 3,696,517 shares in the company, valued at $96,996,606.08. This trade represents a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.00% of the stock is owned by company insiders.

GAP Company Profile

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.